Daftar Isi:
  • This study aims to determine the effect of investment on the internationalization, and whether firm size moderates the influence of investment on internationalization. The sample of this study is manufacturing companies in Indonesia listed on the Indonesia stock exchange (IDX) in 2013-2017. This study used multiple linear regression models and Moderated Regression Analysis (MRA). Based on the result of the analysis, it can be concluded that investment has significant positive effect on internationalization, and firm size weakens the positive effect investment on the internationalization. There are control variables in this study, which are profitability, leverage, asset tangibility that have significant positive effect on internationalization, and investment opportunity, sales growth that have significant negative effect on internationalization.